empty
 
 

2021.02.1905:24:00UTC+00Japan's Private Sector Downturn Continues In February

Japan's private sector downturn continued in February despite the recovery in manufacturing activity, flash survey data from IHS Markit showed Friday.

The au Jibun Bank composite output index rose to 47.6 in February from 47.1 in the prior month. However, a score below 50 indicates contraction in the sector.

The headline manufacturing Purchasing Managers' Index rose to 50.6 in February from 49.8 in January. Meanwhile, the services PMI declined to 45.8 from 46.1 in January.

Positive sentiment stemmed from hopes that an end to the coronavirus disease 2019 (COVID-19) pandemic would induce a recovery in domestic and foreign demand, Usamah Bhatti, an economist at IHS Markit, said.

Nonetheless, disruption caused by the pandemic is likely to remain in the immediate future, the economist added.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback